There’s some news about the relatively unpopular “presidential” golden dollar coins. I’ve been using these coins almost every day, but I have not run into anyone else doing so. Most people I know haven’t even seen the coins. If you want to pick them up from the bank, pay attention to the release schedule:
February 14: James Monroe
May 15: John Quincy Adams
August 14: Andrew Jackson
November 13: Martin Van Buren
Here’s a chance to look at the four obverse designs representing U.S. presidents five through eight.
Currently, the “In God We Trust” motto appears on the edge of the dollar coins. This is an interesting idea, but I can’t say I am a fan. The edge lettering just doesn’t seem as solid as lettering on the obverse or reverse. Other people apparently had their own problems with the relocation of the motto. I’ve received forwarded junk email stating incorrectly that the “In God We Trust” motto was missing from all dollar coins as the result of some (non-existent) political God-elimination scheme. That rumor as we know is completely untrue, but a small amount of error coins struck without the lettering surfaced. Some individuals have vandalized coins to make “fake errors,” as well, but there was no underground governmental desire to remove “In God We Trust” from the coins.
Now, here is the news. The motto will be moving to the obverse of the dollar coins in 2009, while the date and mint mark will remain on the edge. This change could possibly increase the demand for earlier dollar coins from 2007 and 2008, at least among collectors, due to what will eventually be the “rarer” configuration with the motto on the edge.
Speaking of design changes, I hope that at the conclusion of the presidential dollar series, all presidential portraiture designs are retired. When designing the original American coinage, the founders wanted to stay away from honoring political leaders — it reminded them too much of the kingdom from which they were trying to separate. Let’s get back to having attractive and artistic representations of Liberty on our coinage rather than dead people.
Updated April 9, 2008 and originally published January 3, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.